Real Estate Taxes in the New River Valley

In the last several weeks, we’ve been doing a lot of candidate tours for various colleges at Virginia Tech looking to hire new folks. Invariably, as we’re showing these prospective hires all that the New River Valley, the question always comes up – “what are real estate taxes like?”

Ah, taxes. We all love them, right? Of course not, but we’re lucky to have relatively low taxes compared to other areas of the country. However, they’re a part of the equation when making your mortgage payment every month. These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for the appropriate County. Feel free to use the phone numbers below to contact the taxing authority if you have questions.*

Note – This is a post that’s been written on this site several times, and is still one of the most regular hits. This time around, I thought I’d update it with the date of the last assessment based on http://www.rebeccasrealtor.com, as well as the date of the next assessment. Rates should not change during that period.

To calculate current yearly tax, take the current assessed value of the home, divide by 100 and multiply by the current tax rate.

The assessed value of the home is $250000 and the home is in Blacksburg:
$250000/100 = 2500 x 1.14 = 2850 Yearly tax $2850

Locale

Tax Rate

Phone Number

Last Assessment

Next Assessment

Blacksburg

$.25 + $.89 = $1.14

540-961-1105

2015

2019

Bland County

$.60

276-688-3741

2014

2020

Christiansburg

$.16 + $.89 = $1.05

540-382-9519

2015

2019

Craig County

$.59

540-864-6241

2017

2023

Floyd County

$.55

540-745-9345

2015

2020

Giles County

$.61

540-921-3321

2015

2020-2021

Montgomery County

$.89

540-382-5717

2015

2019

Pulaski County

$.54

540-980-7785

2014

2020

Radford City

$.76

540-731-3661

2016

2020

Rich Creek

$.20 + $.61 = $.74

540-726-3260

2015

2020-2021

Town of Floyd

$.24 + $.55 = $.79

540-745-2565

As needed

As needed

Town of Pulaski

$.34 + $.64 = $.86

540-994-8640

2014

2020

Town of Narrows

$.47 + $.61 = $1.08

540-726-2423

2015

2020-2021

Town of Pearisburg

$.335 + $.61 = $.945

540-921-0340

2015

2020-2021

Town of Pembroke

$.326 + $.61 = $.936

540-626-7191

2016

2020

* Tax information is assumed reliable – contact the local Commissioner of the Revenue for more information. Updated 04/28/17.

Jeremy Hart, REALTOR®, Nest Realty, 400 N. Main, Blacksburg, VA 24060
The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Nest Realty are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the broker.